Home » NEWS » Law & Accounting (page 89)

Law & Accounting

UPDATE: DEAL IS DONE … Foreclosure settlement said gaining key state support

WASHINGTON — U.S. states have reached a $25 billion deal with the nation’s biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. Federal and state officials announced the deal Thursday. It is the biggest settlement involving a single industry since a 1998 multistate tobacco deal. Under the agreement, five major banks — Bank of America, JPMorgan ...

Read More »

Do Barbour's pardons stem from Southern religious, cultural practices?

ABC News has an interesting look at the South’s tradition of prisoner pardons, a practice it says is rooted in the region’s religious practices and culture. ABC asks whether those practices influenced former Mississippi Gov. Haley Barbour’s controversial decision to grant more than 200 pardons on his way out of office. Here is the introduction and link to the story: ...

Read More »

In the middle of long lineage of CPAs

Despite good salaries and job prospects in the field, sometimes college students are less than keen about going into the field of accounting. It might not be seen as exciting as some other career choices. But Mississippi State University accounting director Dr. Jim Scheiner sees it differently. “My father was a CPA and I saw how serving clients was an ...

Read More »

Public retirement system study panel urges cost-of-living freeze

A three-year moratorium on cost of living allowances, or COLAs, for Mississippi’s retired public employees is a key recommendation of a report that will be released by Gov. Haley Barbour Wednesday. The moratorium recommended by a Barbour-appointed study commission could save the Public Employees Retirement System of Mississippi about $40 million annually for three years but would deprive about 80,000 ...

Read More »

A different kind of merger

JACKSON — Brunini Grantham Grower and Hewes has proven there is more than one way to merge. In fact, the venerable Jackson law firm has pulled off a “non-merger merger.” Last month, it was announced that Brunini, founded in 1903, had been invited to join Meritas, a global network of independent, full-service law firms. The network currently encompasses 7,265 experienced ...

Read More »

'Merger-mania'

William Painter maybe the busiest man in Mississippi. The managing partner of the Jackson office of the law firm Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C., he is also the Tennessee-based firms lead strategic planner. In the latter capacity, Painter has logged some serious hours recently. “I’m hammered,” Painter said. In 2011, Baker Donelson has effected three mergers with more ...

Read More »

Savannah getting double – possibly triple – scrutiny on its convention hotel plans

When an initial market study for a convention hotel in Savannah, Ga., made rosy predictions for occupancy rates for the proposed 500-room hotel, the board that governs the city’s convention center responded with a “not so fast.” Like Jackson, Savannah has concluded that its convention center, known officially as the International Trade & Convention Center, can’t reach its potential without ...

Read More »

Alabama nabs foreign auto execs in immigration crackdowns

What’s keeping Alabama’s economic development officials awake at night? Perhaps it’s the new propensity of state lawmen to snag high-ranking executives of foreign carmakers in immigration enforcement dragnets. Over the years, Alabama put the welcome mat out for the car manufacturers to come to the state and create thousands of well-paying jobs. But strict enforcement of Alabama’s new immigration ID ...

Read More »

As a formality, Jackson will seek convention hotel partnership proposals

Though the Jackson Redevelopment Authority doesn’t expect any takers, the authority’s board agreed Wednesday to a 15-day advertising period for a developer other than Transcontinental Realty Investments of Dallas to partner with the city on a convention headquarters hotel. The JRA board sees the action as a formality and a step toward moving a final deal between Transcontinental Realty and ...

Read More »

Clock ticking on year-end tax incentives, breaks

The clock is ticking on a number of year-end tax incentives and breaks. Before companies start singing “Auld Lang Syne,” experts say they better have taken advantage of ways to reduce their tax liability through incentives and asset assessments if they want the new year to be a happy one. “It’s not too late, but businesses need to be working ...

Read More »